Raiffeisen Bank International AG (WBAG:RBI) has decided not to sell Raiffeisen Bank Zrt. (Hungarian Unit). Over the last few weeks, RBI carefully reviewed the offers it received for its Hungarian subsidiary.

After comprehensively reviewing the last offer, RBI decided, at present, not to pursue the sale of the Hungarian subsidiary under the current conditions," RBI said in a release, without providing further details. According to Hungarian press reports, the government had been in talks with RBI about buying its Hungarian arm. Hungary is not under pressure to buy any bank, Economy Minister Mihaly Varga said on state television on January 7, 2014.